Chevy Chase Trust Holdings Inc. increased its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 868,255 shares of the utilities provider’s stock after purchasing an additional 16,198 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in American Electric Power were worth $63,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AEP. Mutual of America Capital Management LLC boosted its holdings in American Electric Power by 0.8% during the second quarter. Mutual of America Capital Management LLC now owns 59,974 shares of the utilities provider’s stock worth $4,166,000 after purchasing an additional 472 shares during the last quarter. Pinebridge Investments L.P. raised its position in American Electric Power by 904.1% during the second quarter. Pinebridge Investments L.P. now owns 4,177 shares of the utilities provider’s stock worth $291,000 after acquiring an additional 3,761 shares in the last quarter. Quantbot Technologies LP bought a new stake in American Electric Power during the second quarter worth $147,000. Cbre Clarion Securities LLC raised its position in American Electric Power by 43.3% during the second quarter. Cbre Clarion Securities LLC now owns 30,800 shares of the utilities provider’s stock worth $2,140,000 after acquiring an additional 9,300 shares in the last quarter. Finally, Advisor Group Inc. raised its position in American Electric Power by 5.2% during the second quarter. Advisor Group Inc. now owns 91,149 shares of the utilities provider’s stock worth $6,283,000 after acquiring an additional 4,544 shares in the last quarter. Institutional investors and hedge funds own 70.97% of the company’s stock.

Several analysts have issued reports on the stock. Macquarie raised shares of American Electric Power from a “neutral” rating to an “outperform” rating in a research report on Monday. Mizuho raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. Deutsche Bank raised shares of American Electric Power from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.25 to $75.00 in a research report on Thursday. SunTrust Banks reaffirmed a “buy” rating and set a $78.00 price target on shares of American Electric Power in a research report on Tuesday, January 9th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $73.00 price target on shares of American Electric Power in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $75.33.

Shares of American Electric Power Company Inc (NYSE:AEP) traded up $0.89 on Monday, hitting $68.65. 286,521 shares of the stock traded hands, compared to its average volume of 2,910,000. The company has a market capitalization of $33,770.00, a price-to-earnings ratio of 17.92, a PEG ratio of 3.67 and a beta of 0.30. American Electric Power Company Inc has a 52 week low of $62.14 and a 52 week high of $78.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. American Electric Power’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. sell-side analysts expect that American Electric Power Company Inc will post 3.62 EPS for the current year.

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About American Electric Power

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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